I’ve made a conscious effort in automating and digitizing more of my rental management tasks and can share some of the tools I've been exploring that might be helpful to others.I use Baselane a lot, it is a platform that's really geared towards landlords and real estate investors.

Tools like Baselane simplifies bookkeeping and tax preparation by categorizing transactions and storing records.Keep personal and business accounts separate to maintain LLC liability protection.Please don't use the same LLC for flips and rentals.

If not, hire a professional architect or floor plan designer, or use tools like RoomSketcher, MagicPlan, or Matterport to create them.

Definitely go the legal route here, don't rent out the basement unless you have the OK from the relevant authorities--it's regulated for a reason (fire safety, carbon monoxide poisoning, etc.) and your insurance will not have your back if something goes wrong.

I believe the safety is solid for my wife and me; in fact, we are about to start having children here.

I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.

If you’re exploring options, look for a system with an API that connects to tools like Zapier or Make.com.

Don't let that fear keep you from using the tool that adds dramatically to your bottom line.

Operations- tenants refusals, either cull them before they get to you by requiring autopay as an example, document on their application why you refused them, make sure your facilities are maintained properly and no safety hazards exist, etcLLC.

Mainly because home inspectors already have tools and systems for quickly generating thorough inspection reports to help you negotiate credits, concessions, and/or price reductions.